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DUBLIN , Dec. 10, 2021 /PRNewswire/ -- The "Silicon Carbide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global silicon carbide market exhibited strong growth during 2015-2020. Silicon carbide (SiC), or carborundum, is a deoxidizing agent consisting of silicon and carbon used for the production of steel. It usually occurs as rare mineral moissanite and can be artificially synthesized in the form of SiC powder.

It is commonly used in the manufacturing of automobile brakes, clutches, light-emitting diodes (LEDs), detectors, ceramic plates and bulletproof jackets and vests. In comparison to the traditionally used silicomanganese or ferrosilicon, silicon carbide has high thermal conductivity, resistance to abrasion and corrosion from acids and produces lesser sulfur, aluminum and nitrogen content. As a result, it finds extensive applications across various industries, including aviation, aerospace, medical, electronic, defense, automotive and telecommunication. Significant growth in the steel industry across the globe is one of the key factors creating a positive outlook for the market. SiC is extensively used in the production of stainless steel as it enhances the yield rate and purifies molten steel. Moreover, widespread product adoption for the manufacturing of various semiconductors and other electronic components is providing a thrust to the market growth. It can function in high voltage and temperature conditions and is thereby also used to manufacture electronic vehicles (EVs). It aids in reducing the weight of the automobiles and improving overall efficiency.

Other factors, including the increasing utilization of SiC devices in cellular base stations and radio-frequency operations, along with the implementation of favorable government policies promoting the use of renewable energy resources for power generation, are anticipated to drive the market toward growth. Looking forward, the publisher expects the global Silicon Carbide market to grow at a CAGR of 16.5% during the forecast period (2021-2026).

The competitive landscape of the industry has also been examined along with the profiles of the key players being AGSCO Corp, Carborundum Universal Limited (Murugappa Group), Compagnie de Saint-Gobain S.A., Cree Inc., Entegris Inc., ESK-SIC GmbH, Fuji Electric Co. Ltd., General Electric Company, Genesic Semiconductor Inc., Infineon Technologies AG, Renesas Electronics Corporation and SNAM Abrasives Pvt Ltd. Key Questions Answered in This Report:

Key Topics Covered: 1 Preface 2 Scope and Methodology

3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Silicon Carbide Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product 6.1 Black Silicon Carbide 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Green Silicon Carbide 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Others 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Application 7.1 Steel 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Automotive 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Aerospace 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Military and Defense 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Electrical and Electronics 7.5.1 Market Trends 7.5.2 Market Forecast 7.6 Healthcare 7.6.1 Market Trends 7.6.2 Market Forecast 7.7 Others 7.7.1 Market Trends 7.7.2 Market Forecast 8 Market Breakup by Region 9 SWOT Analysis 10 Value Chain Analysis 11 Porters Five Forces Analysis 12 Price Analysis 13 Competitive Landscape 13.1 Market Structure 13.2 Key Players 13.3 Profiles of Key Players 13.3.1 AGSCO Corp 13.3.1.1 Company Overview 13.3.1.2 Product Portfolio 13.3.2 Carborundum Universal Limited (Murugappa Group) 13.3.2.1 Company Overview 13.3.2.2 Product Portfolio 13.3.2.3 Financials 13.3.3 Compagnie de Saint-Gobain S.A. 13.3.3.1 Company Overview 13.3.3.2 Product Portfolio 13.3.4 Cree Inc. 13.3.4.1 Company Overview 13.3.4.2 Product Portfolio 13.3.4.3 Financials 13.3.4.4 SWOT Analysis 13.3.5 Entegris Inc. 13.3.5.1 Company Overview 13.3.5.2 Product Portfolio 13.3.5.3 Financials 13.3.6 ESK-SIC GmbH 13.3.6.1 Company Overview 13.3.6.2 Product Portfolio 13.3.7 Fuji Electric Co. Ltd. 13.3.7.1 Company Overview 13.3.7.2 Product Portfolio 13.3.7.3 Financials 13.3.7.4 SWOT Analysis 13.3.8 General Electric Company 13.3.8.1 Company Overview 13.3.8.2 Product Portfolio 13.3.8.3 Financials 13.3.8.4 SWOT Analysis 13.3.9 Genesic Semiconductor Inc. 13.3.9.1 Company Overview 13.3.9.2 Product Portfolio 13.3.10 Infineon Technologies AG 13.3.10.1 Company Overview 13.3.10.2 Product Portfolio 13.3.10.3 Financials 13.3.11 Renesas Electronics Corporation 13.3.11.1 Company Overview 13.3.11.2 Product Portfolio 13.3.11.3 Financials 13.3.11.4 SWOT Analysis 13.3.12 SNAM Abrasives Pvt Ltd 13.3.12.1 Company Overview 13.3.12.2 Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/r10q6m

Research and Markets Laura Wood , Senior Manager [email protected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

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